Mark Cuban says communities are falling victim to 'contractual terrorism' in data center deals
Source: Business Insider ·
Mark Cuban said many communities have been "really dumb" in data center deal negotiations, adding they've fallen for "contractual terrorism."
From the source
Mark Cuban says towns must protect themselves before approving data centers.Shafkat Anowar/The Dallas Morning News via Getty ImagesMark Cuban says data center developers are using healthcare-style contracts to confuse communities.He said healthcare contracts are "so big and so long" that insurers "get to be contractual terrorists."Data centers, which are crucial for the AI boom, have become a hugely contentious issue across America. Healthcare has long used complex contracts that can obscure who pays for what. Mark Cuban says data center developers are using a similar playbook."A lot of communities have been really dumb with the deals they've negotiated for data centers," Cuban said on an episode of "The A16z Show" released on Wednesday. "They've fallen for the contractual terrorism in a lot of cases."Cuban, who co-founded Cost Plus Drugs, a company that sells generic medicines at a transparent markup, previously coined the phrase "contractual terrorism" while discussing…